The original symbol of the stellar network, XLM, may be ready to attend a significant rate of prices. At least, Paulinger gangs hinted at this opportunity. The famous index, which John Bolinger has made of three ranges, which includes a loft, middle and bottom curve.
Bollinger Bands follows price changes and helps to predict potential fluctuations, and thanks to their reliability, they got the index widely across the various financial markets.
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As things continued, XLM succeeded in maintaining the middle curve on the weekly time frame for the second week. This, on one side, indicates a budget ready to defend this area of XLM, which is currently about $ 0.322 per currency and also proves a stars of the star symbol to hit the upper range at $ 0.6257, which is more than 88 % of the current levels.
In this case, the distinctive stars will return to its highest local level last November. Since then, the XLM price has been corrected by 45 % and returned directly to the Middle Bolinger bar.
However, if this sacred line is hacked on the weekly timetable, things will turn ugly into XLM where the bias will turn into a declining and the main scenario becomes the current level.
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It looks wild, but these are weekly estimates of the time frame, which makes this type of diagnosis more mid -term, or even in the long run. There is no need to panic or cheer yet.
So, where is this xlm left? The right to the crossroads. The next few weeks will be crucial in determining whether they are adhering to their upward path or stumbling towards deeper corrections.
